CDLEVENINGSTAR
Type:
cdleveningstar• Category:indicators
Description
Evening Star
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | prices data | no | |
open | string | no | ||
high | string | no | ||
low | string | no | ||
close | string | no | ||
pattern | string | no | "CDLEVENINGSTAR" |
Help
CDLEVENINGSTAR
Description
The CDLEVENINGSTAR indicator is a financial analysis tool used to identify potential trend reversals in the market. It is a type of candlestick pattern indicator.
What does this worker do?
The CDLEVENINGSTAR indicator analyzes price data to identify the Evening Star pattern, which is a bearish reversal pattern. The pattern consists of three consecutive candlesticks:
- A large bearish candlestick
- A small bullish candlestick with a gap down
- A large bullish candlestick that closes above the midpoint of the first candlestick
How to interpret the results
When the CDLEVENINGSTAR indicator identifies an Evening Star pattern, it can be a signal that the market is about to reverse its upward trend. This indicator can be used to:
- Identify potential sell signals
- Confirm trend reversals
- Set stop-loss levels
Usage
To use the CDLEVENINGSTAR indicator, simply pass in the required parameters:
dataExp: prices dataopen: open priceshigh: high priceslow: low pricesclose: close pricespattern: the pattern to identify (in this case, the Evening Star pattern)
Example
For a visual example of how to use the CDLEVENINGSTAR indicator, see the following GIFs:
Full GIF
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)
Short GIF
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)
Additional Information
The Evening Star pattern is a well-known candlestick pattern in technical analysis. It is considered a reliable indicator of a potential trend reversal, but it should be used in conjunction with other forms of analysis and risk management techniques.
Parameters
The following parameters are required:
dataExp: prices dataopen: open priceshigh: high priceslow: low pricesclose: close pricespattern: the pattern to identify (in this case, the Evening Star pattern)